HB 5291 — AN ACT AUTHORIZING BONDING FOR BIKEWAYS, GREENWAYS AND RECREATIONAL TRAILS.

House of Representatives General Assembly RaisedFile Bill No.

5291232 February Session, 2022 LCOSubstitute House Bill No.

15605291 ReferredHouse toof Representatives, March 31, 2022 The Committee on ENVIRONMENTEnvironment Introducedreported by:through REP.

(ENV)GRESKO ANof ACTthe AUTHORIZING121st BONDINGDist., FORChairperson BIKEWAYS,of GREENWAYSthe ANDCommittee RECREATIONALon TRAILS.the part of the House, that the substitute bill ought to pass.

AN ACT AUTHORIZING BONDING FOR BIKEWAYS, GREENWAYS AND RECREATIONAL TRAILS.

(a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power, from time to time to authorize the issuance of bonds of the state in one or more series and in principalprincipalamountsnotexceedingintheaggregate amounts[nineteen]twenty-two notmilliondollars,provided exceeding[three]six inmilliondollarsofsaidauthorization the aggregate nineteen million dollars, provided [three] six million dollars of said authorization shall be effective July 1, 2022.

Section 1 July 1, 2022 23-103(a) LCOsHB5291 / File No.

1560232 1 ofsHB5291 2File Raised Bill No.

5291232 StatementENV ofJoint Purpose:Favorable Subst.

TosHB5291 provide/ increasedFile fundsNo. for greenways and bike and recreational trails.

[Proposed232 deletions2 aresHB5291 enclosedFile inNo. brackets.

Proposed232 additionsThe following Fiscal Impact Statement and Bill Analysis are indicatedprepared byfor underline,the exceptbenefit thatof whenthe members of the entireGeneral textAssembly, solely for purposes of ainformation, billsummarization orand resolutionexplanation orand ado sectionnot ofrepresent athe billintent orof resolutionthe isGeneral new,Assembly itor iseither notchamber underlined.]thereof LCOfor No.any purpose.

1560In 2general, fiscal impacts are based upon a variety of 2informational sources, including the analyst’s professional knowledge.

Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.

OFA Fiscal Note State Impact:

Agency Affected Fund-Effect FY 23 $ Out Years $ Treasurer, Debt Serv.

GF - Cost See Below 4.3 million total Note:

GF=General Fund Municipal Impact:

None Explanation The bill authorizes $3 million in General Obligation bonding for bikeways, greenways and recreational trails, to be administered by the Department of Energy and Environmental Protection.

To the extent bonds are fully allocated and expended, total debt service is expected to be approximately $4.3 million over the 20-year duration of the bonds.

The Out Years The annualized ongoing fiscal impact identified above would continue into the future subject to the terms of any bonds issued.

sHB5291 / File No.

232 3 sHB5291 File No.

232 OLR Bill Analysis sHB 5291 AN ACT AUTHORIZING BONDING FOR BIKEWAYS, GREENWAYS AND RECREATIONAL TRAILS.

SUMMARY This bill authorizes up to $3 million dollars in general obligation bonds for the Department of Energy and Environmental Protection’s existing bikeway, pedestrian walkway, recreational trail, and greenway grant program.

By doing so, it increases the program’s FY 23 bonding authorization from $3 million to $6 million.

By law, this program provides grants to municipalities, districts, government agencies, and organizations.

Grants may be used for, among other things, planning, design, land acquisition, construction, equipment, trail amenities and facilities, parking lots, benches, and publications for bikeways, walkways, greenways, and multiuse or recreational trails.

EFFECTIVE DATE:

July 1, 2022 COMMITTEE ACTION Environment Committee Joint Favorable Substitute Yea 31 Nay 0 (03/21/2022) sHB5291 / File No.

232 4